Headlands Technologies LLC Makes New Investment in Trupanion, Inc. (NASDAQ:TRUP)

Headlands Technologies LLC acquired a new position in Trupanion, Inc. (NASDAQ:TRUP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,499 shares of the financial services provider’s stock, valued at approximately $162,000.

Other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in Trupanion in the 4th quarter worth about $67,000. Victory Capital Management Inc. bought a new stake in Trupanion in the 4th quarter worth about $211,000. Blueshift Asset Management LLC bought a new stake in Trupanion in the 4th quarter worth about $220,000. Bayesian Capital Management LP bought a new position in shares of Trupanion during the 1st quarter valued at approximately $253,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of Trupanion during the 1st quarter valued at approximately $269,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TRUP. Piper Sandler increased their target price on shares of Trupanion from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Stifel Nicolaus reissued a “hold” rating and set a $30.00 target price (up from $22.00) on shares of Trupanion in a research report on Friday, August 9th. Evercore ISI raised shares of Trupanion to a “strong-buy” rating in a research report on Friday, August 9th. Northland Securities increased their target price on shares of Trupanion from $30.00 to $35.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. Finally, William Blair began coverage on shares of Trupanion in a research report on Friday, July 19th. They set an “outperform” rating for the company. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.17.

Insiders Place Their Bets

In other Trupanion news, CEO Margaret Tooth sold 7,500 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total value of $348,600.00. Following the sale, the chief executive officer now directly owns 99,984 shares in the company, valued at approximately $4,647,256.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Trupanion news, CFO Fawwad Qureshi sold 640 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $43.12, for a total value of $27,596.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Margaret Tooth sold 7,500 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $46.48, for a total transaction of $348,600.00. Following the completion of the transaction, the chief executive officer now directly owns 99,984 shares in the company, valued at approximately $4,647,256.32. The disclosure for this sale can be found here. Insiders have sold 8,764 shares of company stock worth $405,238 in the last three months. 5.50% of the stock is currently owned by corporate insiders.

Trupanion Stock Performance

Shares of TRUP stock opened at $47.08 on Friday. The stock has a market capitalization of $1.98 billion, a P/E ratio of -73.56 and a beta of 1.74. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average is $39.02 and its 200 day moving average is $31.14. Trupanion, Inc. has a 12 month low of $19.14 and a 12 month high of $48.85.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. Trupanion had a negative net margin of 1.57% and a negative return on equity of 6.29%. The company had revenue of $314.80 million for the quarter, compared to analysts’ expectations of $309.33 million. During the same period in the prior year, the company posted ($0.33) EPS. Trupanion’s revenue was up 16.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Trupanion, Inc. will post -0.37 earnings per share for the current year.

Trupanion Profile

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.